Govt directs FIA to launch operation against Dollar hoarding
ISLAMABAD (92 News) – The government has directed Federal Investigation Agency (FIA) to launch a full fledged operation against dollar hoarding, and speculative currency trade on Friday.
Minister for Information and Broadcasting Fawad Chaudhry in a tweet said the operation is being launched in coordination with State Bank and Ministry of Finance.
Government has directed FIA to launch a full fledged operation against Dollar hoarding, and speculative currency trade the operation is being launched in coordination with State Bank and ministry of Finance
— Ch Fawad Hussain (@fawadchaudhry) April 5, 2019
The decision by the government comes at a time of rupee’s weakening against the dollar. At present the US dollar is being traded in the open market at Rs142.10, resulting into enormous pressure on the financial authorities.
The move is seen by many as an attempt to ease this pressure and save rupee from further devaluation.
Shehbaz, his family owns assets worth of Rs85 billion in UK: Fawad
Earlier, Minister for Information Fawad Chaudhry has said that Opposition Leader in Punjab Assembly Hamza Shehbaz Sharif and his family are involved in money laundering of about 100 billion rupees abroad.
Speaking to media following the National Accountability Bureau’s (NAB) raid at Hamza Shehbaz’s residence, Fawad Chaudhry said Shahbaz Sharif and his family owned assets worth about 85 billion rupees in the United Kingdom (UK) procured through money laundering.
He bashed Hamza Shehbaz for not being a true leader, otherwise he would have surrendered to the arrest warrant. The minister said Hamza Shahbaz should have surrendered before the National Accountability Bureau (NAB) team went to his residence to arrest him after fulfilling all legal formalities.
Fawad Chaudhry said it was for the first time that a crackdown was launched against influential people. He said it is unfortunate that Hamza Shahbaz did not cooperate with the NAB team, but also obstructed its investigation by attacking the team members.
Fawad Chaudhry said it was the commitment of Prime Minister Imran Khan to bring back the looted money of the people of Pakistan. He said whenever an action is taken against plunderers and looters they start crying.
The process of accountability will not be hindered by any threat, the minister said, adding that,”From Lahore to Larkana, shrieks of mafia can be heard”.
Lamenting that the officials were subjected to torture by Hamza’s security guards, Chaudhry continued that the PML-N workers interrupted the state’s action.
NAB raids Shehbaz Sharif’s residence to arrest Hamza
Earlier today, the National Accountability Bureau (NAB) conducted a raid at the residence of Opposition Leader in National Assembly Shehbaz Sharif to arrest Opposition Leader in Punjab Assembly Hamza Shehbaz.
According to a press release by NAB, a team had gone to the residence to arrest Hamza Shehbaz on the basis of evidence against him in the assets beyond means and alleged money laundering case.